Latest Mexico News
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UPDATE 1-Investors trim flows into Mexico in first quarter
MEXICO CITY, May 24 (Reuters) - Foreign investors nearly halved their investment in Mexican stocks and bonds in the first quarter compared to the same period last year, central bank data showed on Friday, scaling back from record heights. ...
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Mexican peso falls to lowest level since mid-March
MEXICO CITY, May 24 (Reuters) - Mexico's peso fell sharply on Friday to its lowest level since mid-March. The peso dropped 1.28 percent to trade at 12.549 pesos per ...
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EMERGING MARKETS-Latam FX drops as data adds to fear of Fed ...
RIO DE JANEIRO, May 24 (Reuters) - Latin American currencies fell on Friday as strong U.S. manufacturing data added to fears of a possible tapering of U.S. stimulus, which provide a steady source of dollars seeking higher returns in emerging ...
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Fitch Affirms Digicels Ratings Outlook Stable
(The following statement was released by the rating agency) MONTERREY/NEW YORK, May 24 (Fitch) Fitch Ratings has affirmed the ratings of Digicel Group Limited (DGL) and its subsidiaries Digicel Limited (DL) and Digicel International Finance ...
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EMERGING MARKETS-Brazil stocks flat as OGX offsets Vale
* Concerns over Chinese economic growth, Fed stimulus weigh * Brazil Bovespa little changed, Mexico IPC falls 0.65 pct By Asher Levine SAO PAULO, May 24 (Reuters) - Brazilian stocks were little changed on Friday as concerns over weak economic growth in China weighed on shares of mining firm Vale, offsetting a gain in oil producer OGX. Mexico's IPC index edged towards its lowest closing level ...
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RPT-Fitch Affirms OHL BB- Outlook Stable
Fitch Ratings has affirmed Obrascon Huarte Lain's (OHL) Long-term Issuer Default (IDR) and senior unsecured ratings at 'BB-'. The Short-term IDR is affirmed at 'B' and Outlook ...
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Mexican stocks fall more than 1 percent on Fed worries
MEXICO CITY | Fri May 24, 2013 10:07am EDT MEXICO CITY May 24 (Reuters) - Mexico's IPC stock index fell more than 1 percent on Friday on continued worries about a winding down of the U.S. Federal Reserve Bank's bond-buying program. The index fell 1.05 percent to 40,091.41 points, with telecoms giant America Movil and bottler Femsa ...
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KIM Vends Mexican Assets Again
Kimco Realty Corp. ( ) and its joint venture partner - American Industries - decided to vend its interests in several trusts that hold Mexican industrial properties portfolio. The move is part of Kimco's attempts to divest its non-core Mexican assets, in order to strengthen its overall portfolio. The deal value was about $600 million, which comprises $294 million worth beneficial trusts and ...
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UPDATE 1-HSBC Chairman urges acceleration of bank reform
Fri May 24, 2013 9:04am EDT * Chairman says investor confidence could be undermined * Bank criticised for anti-money laundering failings * Bank also slammed for aiding tax avoidance * 89 percent of shareholders back 2012 pay plan By Steve Slater and Matt Scuffham LONDON, May 24 (Reuters) - HSBC's Chairman Douglas Flint called for an acceleration in the speed of reform within the industry ...
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Kingsman cuts 201314 global sugar surplus forecast by 27 pct
* Global output at 177.015 mln T in 13/14, vs 181.030 mln in 12/13 * Low sugar prices to prompt producers in Brazil to make ethanol * Kingsman sees ethanol parity at 16.50-18 U.S. cents/lb * Global consumption seen up, strong demand in Asia, ...
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Mexican restaurant coming to Merrill
MERRILL — A Mexican restaurant with several central Wisconsin locations will be opening a new location in Merrill. El Mezcal, an authentic Mexican restaurant, will be located in between the Pine Ridge Mobil and AmericInn Lodge and Suites on Highway 64 on ...
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UPDATE 1-Academics back BPs fight to cap oil spill payouts
* Claims, payout rate may mean charge against 2014 profit * Accountancy professors represented by top lawyer * Appeal hearing set for July 8 By Andrew Callus LONDON, May 24 (Reuters) - A group of accountancy professors is backing BP's fight to ...
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Zac Lee Rigg Ronaldinho wore sneakers not cleats against Club Tijuana
TIJUANA -- Ronaldinho wore sneakers on the Estadio Caliente turf. But it was Club Tijuana that slipped up, coughing up two late goals to draw 2-2 in the Copa Libertadores quarterfinal first leg. The Xolos hadn't conceded at home in the Copa Lib until the second half against Atletico Mineiro. By that point, the Mexican side was two goals ahead with ruthlessly quick wingers Duvier Riascos and ...
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Club Tijuana 2 Atletico Mineiro 2 | Copa Libertadores Match Recap
Joe Corona and Club Tijuana will go to Brazil next week with everything to play still to play for in their historic Copa Libertadores campaign, although it’ll be an uphill battle. Xolos were 2-0 up against Ronaldinho’s Atletico Mineiro in the quarterfinal first leg in the Estadio Caliente on Thursday, but a late equalizer for the Brazilian side snatched the victory from Club ...
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One Small Towns Fight to Banish a Brutal Mexican Cartel
Chern, a small mountain town in the Mexican state of Michoachan, in middle of the Mexican forest, saw its citizens organize in 2011 and overthrew the corrupt local government and police force. The citizens of the pueblo (town or community,) set up their own government system and police force in an attempt to drive organized crime out of their community and forest after years of extortion and ...
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RPT-Fitch More Consumer Firms to Follow PMI With Minority Buy-Outs
Fri May 24, 2013 5:58am EDT May 24 (Reuters) - (The following statement was released by the rating agency) Philip Morris International's deal to buy out a minority shareholder in its Mexican subsidiary is the sort of acquisition we expect to see repeated by other consumer goods companies over the next few years, Fitch Ratings says. When companies make acquisitions or set up these emerging ...
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Many Mexican Young Adults Have A Genetic Predisposition To Obesity
obesity , said a University of Illinois scientist who conducted a study at the Universidad Autonoma de San Luis Potos?. "The students who inherited genetic risk factors from both parents were already 15 pounds heavier and 2 inches bigger around the waist than those who hadn't. They also had slightly higher fasting glucose levels," said Margarita Teran-Garcia, a U of I professor ...
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Zeta leader admits killing ICE agent in Mexican ambush
A commander in the Mexican drug gang Los Zetas Thursday admitted he led an ambush that killed one U.S. agent and left another seriously injured. Julian Zapata Espinoza, also known as "Piolin," 32, pleaded guilty in federal court in Washington to the murder of U.S. Immigration and Customs Enforcement Special Agent Jaime Zapata and the attempted murder of ICE Special Agent Victor Avila ...
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American Exports Edgar Castillo shines but Tijuana let it slip vs. Ronaldinho Co. in Libertadores
Joe Corona and Club Tijuana will go to Brazil next week with everything to play still to play for in their historic Copa Libertadores campaign, although it'll be an uphill battle. Xolos were 2-0 up against Ronaldinho's Atltico Mineiro in the quarterfinal first leg in the Estadio Caliente on Thursday, but a late equalizer for the Brazilian side snatched the victory from Club ...
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Mexico wants to attract US retirees
Mexican legislators, seeking to make their country more attractive to US retirees, may soon lift a major impediment for foreigners who want to own a piece of Mexico's Pacific or Caribbean coasts. For the first time in nearly a century, lawmakers are moving to allow non-Mexicans to buy coastal real estate and hold the deeds to it, without having to set up bank trusts or find silent Mexican ...
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Mexican Mafia Boss Pleads Guilty to Drug Trafficking Extortion
The leader of a Mexican Mafia that operated in San Diego’s North County pleaded guilty to conspiracy and drug trafficking charges on Thursday, the office of U.S. Attorney Laura E. Duffy ...
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Latin Americas free trade bloc lifts tariffs eyes Asian markets
* Latin America seeks integration, yet divided in terms of trade * Pacific Alliance advocates free trade, foreign investment * Tariff elimination begins in July By Eduardo Garcia BOGOTA, May 23 (Reuters) - A Latin American bloc that ...
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UPDATE 1-Cannes auction of space trip with DiCaprio raises 1.2 mln euros for charity
Thu May 23, 2013 9:18pm EDT (Adds dropped word "New" to 3rd paragraph and reference to DiCaprio's film) By Belinda Goldsmith CANNES May 24 (Reuters) - A trip to space with Hollywood actor Leonardo DiCaprio raised 1.2 million euros ($1.5 million) for charity at a glitzy fundraiser at the Cannes film festival on Thursday. At the 20th annual event organized by amfAR, the Foundation for ...
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Ancient cave paintings found in northeastern Mexico
A detail from a copy of the more than 17,000 year old Swimming Stags Frieze from the famed cave paintings of Lascaux is seen during a media preview on March 19, 2013 in Chicago. (Mira Oberman/AFP/Getty ...
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Mexico drug war rebooted
It's the general's hour again in Mexico as the new president deploys troops in Michoacan, where gangsters are facing off against vigilante ...
Mexico City Feature Story
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Mexico City launches eco-friendly and cash friendly project
Mexico City has joined a global movement that has taken many major city municipalities by storm in recent years, the eco-friendly movement of bicycle-sharing. The city joins the ranks of Montreal, Paris, Barcelona and many other major cities across Europe and the world, such as Beijing in China and Melbourne in Australia. The scheme, once rolled out in its entirety, is expected to play a part in relieving some of the burden on Mexico City’s streets.
Mexico City, the largest and richest city in Mexico, is also one of the worst for traffic jams. A recent study by IMB, the IMB Commuter Pain Study, found Mexico City and Beijing to be the two worst cities in the entire world for traffic jams, ours are among the longest and most frequent with the city getting a score of 99 out of 100 on the commuter pain index, this compared to Stockholm, which scored 15. Read more
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